Industrial Property Trades For $27 Million

Cushman & Wakefield today announced the sale of Bridge Point Port 95, a 230,036-square-foot industrial property located at 2650 SW 36th Street, in Dania Beach.
Bridge Development Partners, LLC, the seller, was represented by C&W’s Chris Metzger, Executive Director; Rick Etner, Executive Director; and Christopher Thomson, Senior Director.
The buyer, Saul Gilinski, President of MSG Dania Beach, LLC and previously a director at Premier Asset Management, one of the largest industrial developers in South Florida, paid $26,700,800 for the coveted industrial site.
 

“The Port 95 area is the best location in Broward County. Located in Southeast Broward, it is the tightest industrial submarket with a 3Q14 vacancy rate of only 4.2%. The reason why Port 95 is so desirable is its close proximity to Port Everglades and the Ft. Lauderdale/Hollywood International Airport. In addition, there is immediate access to I-95, I-595 and Florida’s Turnpike, with I-75 and the Sawgrass Expressway only minutes away,” Metzger said.

With this closing, the Buyer also has Bridge Point- Marina Mile, which totals 189,620 square feet, under contract to close upon Certificate of Completion. It is presently under construction with an estimated delivery date of 2Q15.

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